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Floki project announces the burning of 2% token supply, approved by the DAO. 190,918,585,431.84 FLOKI to be removed on March 9, 2024, 4 PM UTC.
#FLOKİ
#flokicrypto
#Crypto
#CryptoNewsFlash
#CryptoNews🔒📰🚫
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"Ethereum Clings to $2,500 Support as Global Tensions Escalate!"
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#VeChain (VET) is holding near the $0.020 level amid bearish pressure. Will it break below $0.017 or bounce back toward $0.031? With a minor pullback among top cryptocurrencies, VeChain is holding its ground at the $0.020 psychological mark. Struggling within a falling channel, it risks a potential drop to crucial support at $0.017. VET Price Analysis On the daily chart, VeChain’s price trend reflects a decline forming a falling channel pattern as it reverses from the 38.20% Fibonacci level at $0.031. The declining bullish momentum has fueled a 40% drop in VeChain’s value in just over the past month. At present, VeChain trades at approximately $0.02099 after facing rejection from its 24-hour high of $0.02210. This has resulted in a long wick formation on the intraday candle, signaling a potential downtrend. Supporting the bearish outlook, the MACD and signal lines are trending downward within negative territory. Additionally, the daily RSI hovers between the oversold boundary and the midpoint, maintaining a bearish bias. Hence, momentum indicators project a bearish view for VeChain. Fibonacci levels suggest the immediate price target is $0.017, based on the year-to-date low recorded on April 7. However, a potential reversal leading to a channel breakout could retest the 38.20% Fibonacci level at $0.031 if the price exceeds the $0.024 resistance level. VeChain Derivatives As VeChain clings to psychological support, the derivatives market remains quiet, with traders mostly on the sidelines. CoinGlass data shows VET open interest has seen marginal growth of 0.04%, reaching $62.36 million. However, liquidation data reveal a wipeout of bullish traders worth $76,390 in long liquidations. In contrast, short liquidations were just $2,000, indicating that most wiped-out positions were bullish. This has lowered the long-to-short ratio to 0.9459 over the past 24 hours, indicating that active bearish positions outnumber long positions. #CryptoNews🚀🔥V
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Elon Musk’s X is set to roll out investment and trading features as part of its broader vision to transform into a comprehensive “super app.” #CryptoNewsFlash
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At the 2025 Conservative Political Action Conference, MicroStrategy founder Michael Saylor shared his vision for the United States to secure a dominant position in the global #Bitcoin network. According to Saylor, there is only room for one nation to control 20% of the Bitcoin network, and that should be the United States of America. This strategy, he argued, would not only strengthen the dollar but also offer a unique opportunity to erase the national debt. Bitcoin as the Future of Property Ownership Saylor emphasized that Bitcoin represents more than just a digital currency. To him, it is a new form of property. Unlike physical assets like land or oil, Bitcoin is a commodity without an issuer. No entity, whether a nation, company, or individual, can alter or corrupt Bitcoin. According to Saylor, this makes Bitcoin an unstoppable force that has reached “escape velocity.” With over two trillion dollars invested in the Bitcoin network, it has become a stable, secure, and decentralized asset. Saylor highlighted that, similar to the U.S. acquisition of Alaska for a mere $6 million, securing a substantial portion of Bitcoin could lead to massive financial returns. He pointed out that owning Bitcoin would position the U.S. to not only neutralize its national debt but also solidify its financial future. The potential economic benefits could range from $50 trillion to $80 trillion, according to Saylor’s projections. The Road to U.S. Bitcoin Acquisition Saylor also outlined a potential timeline for the U.S. to secure its Bitcoin reserves. He anticipates that within 12 months, the U.S. could begin acquiring up to 20% of the Bitcoin network. The challenge, however, lies in building a political consensus. Saylor believes that the White House, Congress, and other key stakeholders will unite to realize this vision, ultimately enriching the nation through Bitcoin ownership. #CryptoNewsCommunity
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"Buy SHIB Now or Regret It Forever? Analyst Says This Is Your Last Chance at This Price!"
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